Irvine, CA, August 27, 2014 --(PR.com
)-- Pro-active portfolio surveillance and instant material news reports pull back the opaque curtain surrounding credit situations around municipal bonds.
Bitvore Corporation, a developer of personalized intelligence gathering and analysis systems, today announced the immediate availability of Bitvore for Munis 2.0 for sophisticated investment professionals. The new system builds on the foundations of its earlier surveillance capabilities by adding CUSIP and Obligor–specific news for automated surveillance of portfolios or on-demand information to support new MSRB time of trade disclosure law, SEC Rule G-47.
“Based on all the great feedback we received from the market, 2.0 is a giant leap forward with obligor-awareness, sector intelligence and the ability to automatically monitor for evolving situations within large portfolios,” said Bitvore CEO, Jeff Curie. “The service is very simple to use yet extremely powerful. And for our fans, we kept and improved our powerful email alerting system so our users can scan emails to stay diligent about material changes in obligors they follow.”
The mission of the Bitvore for Munis is to give investors situational awareness of changing local credit issues across the thousands of obligors of active municipal bonds. Bitvore gathers news, social media and blogs from over 6,500 sources across the US including Puerto Rico and Guam. Bitvore for Munis examines the information for over 300 material situations that impact credit and correlates the information back to the customer CUSIP, obligors and portfolios. It all happens in the blink of an eye using Bitvore’s intelligence gathering platform.
“Pro-active monitoring of local and regional news that impacts our investments is a critical part of the overall surveillance performed by our credit team,” said Andy Meyers, COO at Breckinridge Capital Advisors. “Finding a way to filter out the irrelevant so our analysts can focus their time and energy on the relevant was key to improving the overall efficiency of the research effort and to expanding the scope of available material. Bitvore does much of the heavy lifting for us so that we can focus our expertise in interpreting changes rather than finding them.”
Pricing for Bitvore for Munis pro-active research is competitive with today’s general purpose financial news services and offers special configurations to support the unique needs of credit analysts, institutional sales teams, traders and time-of-trade compliance requirements. APIs are available for integration into custom desktops.
Bitvore Corporation, www.bitvore.com, develops easy-to-use cloud-based systems that dive into big data sources ranging from internal databases and emails to external websites and social media to unearth nuggets of valuable information unique to the customer. Running continuously and updating in near real-time, Bitvore gives its users the ability to uncover and act on material intelligence that may have gone undiscovered for days or weeks. Moreover, unlike traditional big data mining tools, Bitvore can quickly be reconfigured by the customer to focus and new topics and offers a remarkably fast time-to-value. The company counts a growing number of investment houses and Wall Street firms among its customer base. Bitvore is based in Irvine, California. For more information on the company or its products, contact Bitvore at tel: (866) 869-5151, email: email@example.com, or www.bitvore.com.
Breckinridge Capital Advisors, www.breckinridge.com, is a Boston-based investment advisor specializing in the management of high-grade fixed-income portfolios for institutions and private clients. Working through a network of investment consultants and advisors, Breckinridge offers municipal, corporate, government and sustainable bond strategies in customized separate accounts.